Country rank: 4
CURRENT ECONOMIC PERFORMANCE
LUXEMBOURG
2016 EPI score
2016 EPI score
99%
A+
| F (Very Poor) |
D (Poor) |
C (Fair) |
B (Good) |
A (Excellent) |
A+ (Superior) |
| <60 | 60-80 | 80-90 | 90-95 | 95-100 | >100 |
Luxembourg: small economy, big ambitions
Luxembourg’s economic performance has been relatively strong, with the EPI score projected to be 95.5% in 2016, or an A- level.
GDP growth is projected to be 3.4%, supported by consumer and firm sentiment. An improving labor market, low inflation and rising house prices are also signals of improvement. The external outlook has weakened, as major trading markets adjust to the ongoing slowdown across emerging markets, but financial services exports will remain a key driver of growth.
The near-term outlook remains broadly positive, and the 5-Minute Economist projects Luxembourg’s EPI score to stay slightly below 95%, or a B+ level, until 2020.
ECONOMIC PERFORMANCE HISTORY
EPI COMPONENTS PERFORMANCE HISTORY
Inflation
Unemployment
Budget deficit
GDP Growth
EPI DATA FOR LUXEMBOURG
| Year | Inflation Rate (%) | Unemployment Rate (%) | Budget Deficit as a Percent of GDP (%) | Change in Real GDP (%) | Raw EPI Score (%) | Change From Previous Year | Raw EPI performance |
|---|---|---|---|---|---|---|---|
| 2000 | 3.8 | 2.4 | -5.9 | 8.4 | 108.1 | 0.0 | A+ |
| 2001 | 2.4 | 2.2 | -6.0 | 2.2 | 103.5 | -4.6 | A+ |
| 2002 | 2.1 | 2.5 | -2.5 | 3.6 | 101.5 | -2.0 | A+ |
| 2003 | 2.5 | 3.3 | -0.2 | 1.4 | 95.7 | -5.8 | A- |
| 2004 | 3.2 | 3.7 | 1.3 | 4.4 | 96.2 | 0.4 | A |
| 2005 | 3.8 | 4.1 | -0.1 | 3.2 | 95.4 | -0.8 | A- |
| 2006 | 3.0 | 4.2 | -2.0 | 5.1 | 99.9 | 4.5 | A+ |
| 2007 | 2.7 | 4.2 | -4.2 | 8.4 | 105.7 | 5.9 | A+ |
| 2008 | 4.1 | 4.2 | -3.4 | -0.8 | 94.3 | -11.5 | B+ |
| 2009 | 0.0 | 5.5 | 0.7 | -5.4 | 88.4 | -5.8 | C+ |
| 2010 | 2.8 | 5.9 | 0.7 | 5.8 | 96.5 | 8.0 | A |
| 2011 | 3.7 | 5.7 | -0.5 | 2.0 | 93.1 | -3.3 | B |
| 2012 | 2.9 | 6.1 | -0.3 | 0.0 | 91.3 | -1.8 | B |
| 2013 | 1.7 | 6.9 | -1.0 | 4.2 | 96.6 | 5.3 | A |
| 2014 | 0.7 | 7.1 | -1.5 | 4.7 | 98.4 | 1.8 | A |
| 2015 | 0.1 | 6.8 | -1.6 | 3.5 | 98.2 | -0.1 | A |
| 2016 | 0.1 | 6.4 | -1.7 | 4.0 | 99.2 | 1.0 | A+ |
| 2017* | 1.4 | 5.9 | -0.3 | 3.7 | 96.7 | -2.5 | A |
| 2018* | 1.3 | 5.7 | -0.1 | 3.5 | 96.5 | -0.2 | A |
| 2019* | 1.7 | 5.6 | 0.0 | 3.3 | 96.0 | -0.5 | A- |
| 2020* | 1.9 | 5.5 | 0.0 | 3.1 | 95.7 | -0.3 | A- |
| 2021* | 2.0 | 5.4 | 0.0 | 3.1 | 95.6 | -0.1 | A- |
| 2022* | 2.0 | 5.3 | 0.0 | 3.0 | 95.6 | 0.0 | A- |